Analyst, FIU Regulatory Reporting

Canadian Imperial Bank of Commerce; Toronto; Hybrid; CAD 55,000 - 75,000; Full time

Job summary

A leading financial institution in Toronto is seeking an Analyst for Suspicious Transaction Reporting. This role involves supporting regulatory submissions related to AML investigations, ensuring accuracy in data entry, and fostering collaboration with investigative teams to enhance data quality. Candidates should have solid knowledge of Canadian AML laws and at least one year of experience in a regulatory environment. The position offers a competitive salary, banking benefits, and the opportunity for growth within a supportive team environment.

Benefits

Competitive salary

Incentive pay

Defined benefit pension plan

Employee share purchase plan

Vacation offering

Wellbeing support

MomentMakers recognition program

Qualifications

• Minimum of 1 year experience in data entry, preferably in a regulatory environment.
• Strong knowledge of Canadian AML/ATF laws and regulations.
• Excellent critical thinking and problem-solving skills.

Responsibilities

• Complete data entry and filing components of STRs.
• Validate completeness and accuracy of STR reports.
• Communicate data quality issues with investigative teams.
• Identify opportunities for process improvements in STR submissions.

Skills

Analytical Thinking

Anti-Money Laundering (AML)

Client Service

Customer Database

Ensure Compliance

Risk Assessments

Team Coordination

Job description

What You’ll Be Doing

The Analyst, Suspicious Transaction Reporting (STR) is responsible for supporting the execution of the FIU’s regulatory submissions as it relates to AML investigative work. The Analyst is accountable for completing the data entry and filing components of STRs in support of the EAML investigative teams. The Analyst validates the completeness of all transactional data captured and accuracy of STR reports created, ensuring that the reports are submitted to FINTRAC as soon as practicable. The Analyst is responsible for creating a partnership with the investigative teams in order to communicate potential data quality issues when they arise and for helping to determine a path of resolution, where required. The Analyst enhances and maintains technological tools used throughout the data entry/filing process and interacts with various AML business partners to help streamline data entry and to improve overall data quality across the investigative function.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How You’ll Succeed

• Analytical – Create high quality, accurate and timely STR reports. Proactively identify any errors or omissions contained within the transaction data prior to submission. Demonstrate the ability to clearly communicate findings to external team members in the FIU, as required.

• Goal Driven – Be able to accomplish your goals and deliver your best to make an impact. Exercise your fundamental understanding of AML, be able to understand the AML business and conduct your own independent research as required.

• Time Management – Demonstrate strong ability to manage time efficiently while submitting a high volume of STR reports by being able to multi-task within the fast-paced environment. Be able to manage competing priorities and ensure all regulatory deadlines are met.

• Operational Excellence – Identify opportunities to improve STR process operational effectiveness and to facilitate implementation. Coordinates with AML partners to recommend STR process enhancements to improve operational resiliency.

Who You Are

• You can demonstrate experience in:AML and the systems required to complete STR report submissions to FINTRAC; or you have previous experience of a minimum of 1 years in data entry, preferably in a regulatory environment.

• You have strong knowledge of: Canadian AML/ATF laws and regulations, and a working knowledge of AML/ATF laws and regulations of jurisdictions in which CIBC entities operate. Solid judgment and problem-solving skills in order to provide input and advice on AML for best compliance and risk management solutions.

• You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making.

• You give meaning to data. You enjoy investigating complex problems, and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.

• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

What you need to know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact [e-mail]

• CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.

• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

• We may ask you to complete an attribute-based assessment and other skills test (such as simulation, coding, French proficiency).

• We use artificial intelligence tools during the recruitment process. Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

Toronto-81 Bay, 29th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Anti-Money Laundering (AML), Client Service, Customer Database, Ensure Compliance, Risk Assessments, Team Coordination